Stuart FL 34996 Residential Market Report May 2017

Stuart FL 34996 Residential Market Report May 2017

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2017

 

For May 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 148 active listings (Down by 15 homes from April).

Stuart FL 34996 Residential Market Report May 2017

64 Residential sales are pending and awaiting close or lender approval (Up by 15 homes from April).

Stuart FL 34996 Residential Market Report May 2017

26 Homes Sold in May (Increased by 5 homes from April).

Stuart FL 34996 Residential Market Report May 2017

The 34996 zip code area of the Stuart Florida residential real estate market showed a very strong May with increases in both pending and closed sales while the inventory of available properties for sale decreased.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May jumped to 5.7 months as compared to April’s 7.8 months.  Back into a sellers’ market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2016 were: 150 active listings, 43 pending sales and 22 closed sales.  Consideribly stronger market activity for this year.

Stuart FL 34996 Residential Market Report May 2017

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report May 2017

Leave a Reply